HDFC Bank, currently holding an equity stake of 6.48% on a fully diluted basis in Sewa Grih Rin (SGRL), has signed definitive documents, pursuant to which, the Bank has, subject to fulfilment of certain conditions, committed to invest an amount of Rs. 17,32,76,695, for an equity stake of 1.81% (on a fully diluted basis) in SGRL, as a part of a larger issuance of equity shares (Equity Raise) by SGRL. On consummation of the Equity Raise, which is subject to certain conditions, including regulatory approval (which is expected in 7 months), HDFC Bank`s equity stake would be diluted to 3.51% (on a fully diluted basis) on the expanded capital base of SGRL.Sewa Grih Rin is a Housing Finance Company registered under Section 29A of the National housing Bank Act, 1987 vide Registration Certificate 01.0118.15 dated 24 January 2015. SGRL is an affordable housing finance company with a special focus on advancing the property rights of women in the informal sector.Powered by Capital Market - Live News

HDFC Bank announced that the Board of Directors of the Company at its meeting held on 20 April 2024, inter alia, have recommended the final dividend of Rs 19.5 per equity Share (i.e. 1950%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of HDFC Bank rose 39.92% to Rs 17622.38 crore in the quarter ended March 2024 as against Rs 12594.47 crore during the previous quarter ended March 2023. Total Operating Income rose 67.06% to Rs 79433.61 crore in the quarter ended March 2024 as against Rs 47548.34 crore during the previous quarter ended March 2023.For the full year,net profit rose 39.27% to Rs 64062.04 crore in the year ended March 2024 as against Rs 45997.11 crore during the previous year ended March 2023. Total Operating Income rose 66.12% to Rs 283649.02 crore in the year ended March 2024 as against Rs 170754.05 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Total Operating Income79433.6147548.34 67 283649.02170754.05 66 OPM %20.7762.63 -37.5061.71 - PBDT17761.3916782.69 6 76568.6061498.39 25 PBT17761.3916782.69 6 76568.6061498.39 25 NP17622.3812594.47 40 64062.0445997.11 39 Powered by Capital Market - Live News

The Board of HDFC Bank at its meeting scheduled to be held on 20 April 2024 may consider annual renewal of issuance of Long-Term Bonds (Financing of Infrastructure and Affordable Housing), Perpetual Debt Instruments (part of Additional Tier I capital) and Tier II Capital Bonds over the period of next twelve months through private placement mode.Powered by Capital Market - Live News

HDFC Bank will hold a meeting of the Board of Directors of the Company on 20 April 2024.Powered by Capital Market - Live News